Employment
Volunteering: Does It Improve Your Employment Probability?
Volunteering may have signaled to prospective employers that the applicant possessed desirable qualities such as motivation, creativity and reliability. Thus, volunteering could be particularly useful for job applicants with little prior experience such as recent college graduates or persons attempting to re-enter the labor market after a period of joblessness. more »
States Make 'Historic and Disturbing Cuts' to Unemployment Benefits
For now, emergency federal benefits have mitigated the state cuts. During the depths of the recession, Congress approved federally funded aid for unemployed people who exhausted their state benefits. But as a state’s jobless rate goes down, the federal government gives its unemployed residents fewer weeks of benefits. In states with the lowest rates, the federal government provides just 14 weeks of additional coverage. more »
What "substantial improvement" means: Comments on Monetary Policy by Federal Reserve Governor Jeremy Stein
"Specifically, we continue to have a 6.5 percent unemployment threshold for beginning to consider a first increase in the federal funds rate. As we have emphasized, the threshold nature of this forward guidance embodies further flexibility to react to incoming data. If, for example, inflation readings continue to be on the soft side, we will have greater scope for keeping the funds rate at its effective lower bound even beyond the point when unemployment drops below 6.5percent." more »
Temp Agencies See Opportunity In Health Law: Will Substitute Teachers Be Offered Coverage?
Starting in January 2014, employers with at least 50 workers must offer affordable coverage or pay a penalty. Some are considering outsourcing jobs to specialists such as Kelly, Manpower, Robert Half and Randstad to stay under this limit. "We are already getting inquiries from our client base for companies in and around 50, asking us to help them understand this legislation. .. Our response is that we can legally help them remain under 50," says Keith Waddell, Robert Half's president. more »